SocGen's Oudea says French banks have improved capital positions

09/21/2011 | Reuters

Societe Generale CEO Frederic Oudea said he is confident that French banks will meet Basel III capital requirements. "French banks have been strengthening their capital with [$68.6 billion] over the past two years and will meet Basel III," Oudea said. Christian Noyer, governor of France's central bank, also indicated that banks are in a good position, downplaying the downgrade of some of their credit ratings.

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